Remember, 90%-95% chance of merger here as predicted by AI and I agree.
What’s hurting this stock now is the fact that we do have a clear timeline and it’s defenseless as a shell.
FID can’t just come out of nowhere anymore and we all expect it in August with merger announcement soon to follow, so there is room for manipulation between now and then.
Someone can sell and drop the price without having to worry about getting caught missing the news anymore.
Another contract or the Final EPA puzzle piece and we’ll see some return to normality, but I expect contracts to come likely post-FID now and not prior, which extends the runway for manipulation, but we’ll see.
I still wouldn’t want to risk selling at these prices though and get caught with my pants down just in case.
Things change in August hopefully. I’m not too worried about another large delay as I think their feet are on the political fire this time, but let’s see what happens with the EPA and extension first, as those are the likely factors for shorter term delays